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economics

Black Joblessness Shows Fed Must Look at Inequality

The surprise jobs numbers last week hid another grim reality about the coronavirus recession.

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Protests all across America following the Minneapolis police killing of George Floyd, an unarmed black man, have put yet another spotlight on the deep inequality between black and white America. That disparity was also laid bare in last week’s jobs data, when a surprise drop in overall unemployment masked the fact that black joblessness has climbed to its highest level in more than a decade.